Bullish Case: Newmont's focus on high-margin Tier 1 assets, and rising gold prices could increase profitability, while recent strategic refocusing may boost efficiency and shareholder returns.


Bearish Case: Persistent operational challenges, potential earnings miss for Q1 2024, and insider sales cast doubts on Newmont's near-term profitability, with recently lowered EPS estimates adding to concerns.


Potential Outcomes:

1. Q1 earnings meet revised expectations (55%); modest stock appreciation.

2. Earnings miss triggers sell-off (45%).

3. Divested assets enhance efficiency, share price rallies (40%).


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April 09, 2024


Newmont Forecast

NEM        Newmont
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






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BE Forecast + Options Trading Strategies   [BE]  Bloom Energy (0.85)



Uncorrelated Stock Forecasts

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JWN Forecast + Options Trading Strategies   [JWN]  Nordstrom (-0.0)


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IONQ Forecast + Options Trading Strategies   [IONQ]  IonQ (0.0)



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GRPN Forecast + Options Trading Strategies   [GRPN]  Groupon (-0.82)


ANF Forecast + Options Trading Strategies   [ANF]  Abercrombie & Fitch (-0.82)


CBOE Forecast + Options Trading Strategies   [CBOE]  Cboe Global Markets (-0.82)


J Forecast + Options Trading Strategies   [J]  Jacobs Engineering Group (-0.83)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.89)





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